Term Life Insurance Quote Considerations

How are term life insurance quotes formulated?

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An offer from the company underwriter is the only true and reliable term life insurance quote; All others are just best guesses! That being said, let's go on.

You should know, not all insurance websites sell life insurance at all. They simply sell your request for information to a local insurance agents who then call on you. The prospective insured will only know that he or she has obtained the lowest price for their insurance when they see a insurance quote in spreadsheet form from all top rated companies.

Rate classes the underwriters uses

non-tobacco users:
Preferred Best, Preferred, Standard Plus, Standard, Standard Table 1-10

tobacco users:
Preferred, Standard Plus, Standard, Standard Table 1-10

Obtain the most accurate, lowest price Insurance quote. Unless you or your insurance agent has determined your proper quote classification, the quotes you receive will have no meaning at the time of underwriting; whether it be a fully underwritten or a no exam.

How is the accuracy determined? Term Life Insurance Quotes are determined by the following criteria:

Tobacco – Non-tobacco

Prices for tobacco users are generally 2 to 3 times higher in price than non-tobacco quotes because shortened life expectancy and serious health problems are a consequence of tobacco use.

don't lie - lying constitutes fraud! If you die within the contestability period, the company will take a thorough look at your death certificate to determine whether or not your death was caused a by tobacco use related illnesses.

Height and Weight

This height and weight chart should be reviewed. It is important to obtain as many different company quotes as you can to get the best premium quote. If your weight reaches a certain level, you will have to pay more. In all instances, the heavier you are, the more you'll pay.

Health Problems

Each insurance company views health conditions differently. We have available our impaired risk questionnaires to help evaluate the extent of your health risk. We will then be able to shop your particular situation.

Standard A preferred Quote offer is not usually possible with these conditions.

Sub-Standard Table 1-10 These conditions are usually not insurable at standard or better rates.

uninsurable Conditions These conditions are usually considered uninsurable

Driving History Motor Vehicle Reports are usually ordered under all circumstances:

Life Style Life style conditions also affect premium quotes. Hazardous hobbies, like scuba diving, being a pilot, and other such activities, will cause your quoted premium to be higher. Questionnaires can be found here.

Financial Need The purpose and need is an important source of information for the underwriter to validate a quote offering.

Usual income multiplication factors.

Age	Times Income
18 – 30	30
31 – 40	25
41 – 50	20
51 – 55	15
56—60	12
61 – 65	10
Over 65	5

At certain age and life insurance amount level requires a written verification of finances from an informed and disinterested third party.

The negative side

Getting an accurate quote is not usually instant. Frustration could prevail to a level of not getting any coverage at all. We have secured most of the top companies. We know their underwriting. And we are committed to helping the public on these issues online since 1999.

We offer term quotes for 5, 10, 15, 20, 25, and 30 year term periods. Our universal life products can be quoted to cover a term of up to age 120. Not all term product quotes from all term companies quoted are available in all states.

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